The French, who coined the term laissez-faire, have become people thoroughly captured by statism. Professor Salin shows another way for France to go.
College faculties historically have leaned left-of-center, but today, a rigid progressive ideology is enforced not only by faculty, but also by higher education administrations.
While President Biden claims that forgiving student loans helps reduce college costs, it is the loan program itself that is responsible for much of the explosive growth of higher education spending.
Mainstream economists claim that Austrian economics is "discredited" because Austrians use deductive reasoning instead of employing complicated calculus and statistics. The irony is that Austrian analysis is better at explaining real-world economic phenomena.
Government inflation makes people’s responses much more delayed, leaving people’s value adding greatly degraded.
It is easy to think of supply and demand curves as being key to economic analysis. In reality, they can't tell us much, and emphasizing them actually stands in the way of better understanding economic processes.
Turkey's economy is reeling under inflation rates likely reaching 170 percent. Not surprisingly, the worst of it is felt by regular people just trying to make a living.
What happens when banks lend money? It depends on the lending process itself. If lending comes about because of an expansion of credit, then it creates problems.
Another Marxist intellectual takes a shot at Mises. Like the other critics on the left, he understands little of what Mises wrote or believed.
The world seems to be on fire, and much of the trouble comes from the efforts of central banks to suppress interest rates. No one understands that problem better than British historian Edward Chancellor.
